Interestingly, the dollar emerges stronger from the July 4 holiday this morning and oil takes a tumble, according to early reports from the commodities floor.
We apparently owe this happy development to Iran, which spoke of the spirit of compromise late last week on its nuclear program, quieting the sabres which have been rattling around that country for quite some time.
Anyone want to take bets on a more bellicose tone on Iran and nukes – perhaps as soon as today?